Four-Story Interstate
For Sale
Contact for pricing
910 Interstate 20, Midland, TX 79701
Comfort Suites by Choice features 61 interior-corridor rooms on a commercial pad with an outdoor pool.
Property Size37,500 SF
Lot Size1.30 Acres
Price / SF$132
Days on Market53
Property Features for 910 Interstate 20
General Information
Standard status
Active
Size
37,500 SF
Class
B
Lot size
1.30 Acres
Property subtype
Hospitality
Zoning
Commercial
Occupancy
58%
Investment Type
Owner/User
Net Operating Income
$482,363
Additional Details
Business Included
Yes
Highway Access
Yes
Amenities
outdoor swimming pool
breakfast area
Building Details
Year Built
2014
Year Renovated
2024
Buildings
1
Stories
4
Listing Agency:
KW Commercial
Listed By:
Rav Singh, CCIM · License #TX 0560351
(210) 849-2175
Source:
Crexi
Added: Jul 24
Changed: Sep 5
Last Checked: Sep 14 at 5:41AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of KW Commercial
Investment Insights
Based on property information with market context.
This four-story Comfort Suites by Choice offers 61 interior-corridor keys in approximately 37,500 square feet. The property is built on a 1.30-acre commercial pad and includes an outdoor swimming pool and a breakfast area.
The hotel is located directly on the I-20 interstate highway with direct interstate visibility from I-20.
Built in 2014, the property operates under a 20-year franchise agreement with a termination window expected in 2027, providing potential flexibility to assess brand continuation or other franchise-related options.
The hotel is located directly on the I-20 interstate highway with direct interstate visibility from I-20.
Built in 2014, the property operates under a 20-year franchise agreement with a termination window expected in 2027, providing potential flexibility to assess brand continuation or other franchise-related options.
Key Highlights
- 2014‑built Comfort Suites by Choice hotel with 61 interior‑corridor rooms
- Four‑story, 37,500 SF asset on a 1.30‑acre commercial pad
- Outdoor swimming pool and breakfast area on‑site
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$282,150
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.70%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$5,643,000
$5.6M
Cap Rate 7%
$4,030,714
$4.0M
Cap Rate 9%
$3,135,000
$3.1M
Market Conditions
NOI Build-Up for 37,500 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$675.0K $18.00/SF
− Vacancy
−$81.0K −$2.16/SF
EGI
$594.0K $15.84/SF
− OpEx
−$311.9K −$8.32/SF
NOI
$282.2K $7.52/SF
Area
Midland, TX
Vacancy
12.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
52.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$5,643,000
Cap Rate 7%
$4,030,714
Cap Rate 9%
$3,135,000
Alternative Uses
Best Use
Hotel Hospitality
$4.03M
$3.53M – $4.70M
NOI $282,150 @ 7.0% cap · market cap 5.70%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$8.85M
$7.74M – $10.32M
NOI $619,200 @ 7.0% cap · market cap 12.51%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Turnkey business
Opportunity
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
349
Businesses Nearby
Explore this area
Business Placement
Demographics for 79701, TX
29,748
Population
11,393
Households
2.6
Avg Household Size
33
Median Age
19%
College-Educated
73%
High-School Grad
12.1 sq mi
ZIP Area
2,459
Density / Sq Mi
$57,679
Median Household Income
$36,213
Median Earnings
$1,336
Median Rent
$204,000
Median Home Value
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Frequently Asked Questions
What type of property is this?
Hotel - Comfort Suites by Choice features 61 interior-corridor rooms on a commercial pad with an outdoor pool.
Where is this hotel located?
The property is located at 910 Interstate 20 Midland, TX.
What is the asking price?
The asking price for this property is $4,950,000.
What are key features of this property?
This property features: 2014‑built Comfort Suites by Choice hotel with 61 interior‑corridor rooms; Four‑story, 37,500 SF asset on a 1.30‑acre commercial pad; Outdoor swimming pool and breakfast area on‑site
